San Diego, CA -- (SBWIRE) -- 09/26/2016 -- An investigation on behalf of investors of Digital Turbine Inc shares was announced over potential securities laws violations by Digital Turbine and certain of its directors and officers.

Investors who purchased shares of Digital Turbine Inc (NASDAQ:APPS), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm focuses on whether a series of statements regarding Digital Turbine Inc's business, its prospects and its operations were materially false and misleading at the time they were made.

Digital Turbine Inc (NASDAQ:APPS) reported that its Total Revenue rose from $3.85 million for the 12 months period that ended on March 31, 2013 to $86.54 million for the 12 months period that ended on March 31, 2016. However, over the same time period Digital Turbine's Net Loss increased from $14.16 million to $28.03 million.

Shares of Digital Turbine Inc (NASDAQ:APPS) declined from $5.89 per share in September 2014 to as low as $0.75 per share in May 2016.

On September 23, 2016, NASDAQ:APPS shares closed at $1.00 per share.

Those who purchased shares of Digital Turbine Inc have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com